Stewardship Commercial becomes the tenant of record on the facility, pays the owner a fixed rent on a fixed term, and brings its own tenant relationships, leasing, and management to fill the space. The lease-up risk moves to Stewardship. The income starts for the owner.
We underwrite the building first: corridor, layout, realistic sublease rents, actual tenant demand. If it fits, Stewardship signs the master lease and becomes your tenant. From that point the leasing calls, tenant improvements, sublease structuring, and day-to-day management are ours. You collect fixed rent while the rent roll gets built underneath it, which is what a lender or a buyer wants to see when you refinance or sell.
A master lease is a single lease covering an entire facility or a defined block of space. The master tenant pays the owner a fixed rent and takes responsibility for subleasing, filling, and managing the space. The owner's income is set by the master lease, not by sublease occupancy.
Newly acquired property with vacancy and no leasing infrastructure; underperforming assets with stale space or rollover; out-of-market owners who want income rather than a leasing project; and lenders or servicers holding property that needs a rent roll before it can be refinanced or sold.
A leasing broker markets space on the owner's behalf while the owner still carries vacancy, funds tenant improvements, and pays commissions as deals close. Under a master lease, Stewardship becomes the tenant of record, pays fixed rent from signing, and takes on the leasing, tenant improvements, and management itself.
Multi-tenant retail, flex, small-bay industrial, and office in corridors where Stewardship has active tenant relationships and can underwrite realistic sublease rents. Not every building fits; we underwrite first and say so.